This research report titled ‘Global
Industrial Packaging Market 2016-2020’ provides an in-depth
analysis of the market in terms of revenue and emerging market trends.
This market research report also includes up to date analysis and
forecasts for various market segments and all geographical regions.

“When the products, especially from industries such as chemical,
healthcare, and food and beverage need to be delivered from one
production unit to other, the safety measure becomes more stringent as a
large amount of product are being transported. This is when these
industries increasingly demand for product packaging, considering its
capacity and durability. This, in turn, boost the growth of the global
industrial packaging market. The growth of the market is mostly
attributed to the supply of convenient rigid bulk packaging solutions by
companies to customers across all consumables verticals,” says Sharan
Raj, a lead analyst at Technavio for research on packaging.

The report categorizes the global industrial packaging market into the
following product segments:

Crates and totes

Sacks

IBCs

Others

Global industrial packaging market by crates and totes

With a market share of more than 26%, the packaging crates segment
dominated the global industrial packaging market in 2015. Packaging
crates are used for fresh produce products like fruits and vegetables
during harvest, post-harvest handling, transportation, and storage. They
are available in two types of materials: wood and plastic. Wood crates
are the prominent ones in the market and they hold around 80% of the
total crates packaging. The major advantage of wooden crates is that
they have good ventilation and can be manufactured locally. However,
increased demand for plastic crates can hinder the growth of the market
during the forecast period.

Plastic crates are made of high-density polyethylene or polypropylene.
The use of high density polyethylene is more as it offers ultra-violet
protection and provides greater strength against impact. Plastic crates
can be categorized as nesting, stacking, stacking and nesting, or
collapsible containers. There are several advantages offered by plastic
crates.

Global industrial packaging market by sacks

The construction industry has the highest share in terms of use of
packaging sacks because of packaging of construction materials like sand
and cement while making roads, ports, buildings, and other construction
activities. However, the growth rate is slow, posting a below average
CAGR of 1.86%. This leads to slow construction activities due to global
economic slowdown.

“The construction market was growing moderately in 2014 and there are
signs of positive growth in future. The emerging markets will be
responsible for growth in this sector, thereby helping the sector to
post a CAGR of more than 3% during the forecast period,” says Sharan.

Rigid intermediate bulk containers (RIBCs) account for a larger share as
compared to FIBCs, accounting for approximately 77% of the IBC market;
moreover, this segment is expected to experience a high growth rate
during the forecast period. Europe accounted for 30.71% of the global
consumption for rigid bulk packaging in 2015. Germany has emerged as the
largest market for rigid bulk packaging because of its strong
performance in the end user industries.

The flexible intermediate bulk container (FIBC) market is growing at a
CAGR of 7.85% during the forecast period. In 2014, the majority of
market share in the global FIBC market was occupied by the chemical
industries, amounting to 27.64%, followed by the food and pharmaceutical
industries.

Global industrial packaging market by others

While the market is dominated by crates and totes, the demand for the
other segments has also increased as most of the crates are made of
wood, which, if untreated, can easily become contaminated.

Other packaging includes drums, pails, bulk boxes, and material handling
containers. The drums segment accounted for the major share in the
industrial packaging market compared to the other segments, accounting
for 30.87% of the others market. Although, its share is expected to
decrease gradually over the forecast period, but their popularity is not
expected to diminish owing to their low cost, easy portability, and
multiple types of use.

The top vendors highlighted by Technavio’s research analysts in this
report are:

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About Technavio

Technavio
is a leading global technology research and advisory company. The
company develops over 2000 pieces of research every year, covering more
than 500 technologies across 80 countries. Technavio has about 300
analysts globally who specialize in customized consulting and business
research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research
techniques to ascertain the size and vendor landscape in a range of
markets. Analysts obtain information using a combination of bottom-up
and top-down approaches, besides using in-house market modeling tools
and proprietary databases. They corroborate this data with the data
obtained from various market participants and stakeholders across the
value chain, including vendors, service providers, distributors,
re-sellers, and end-users.

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